Trump signs a $1.5 trillion tax cut

Updated: Aug 22, 2018

Donald Trump follows in the footsteps of Ronald Reagan by reducing taxes. Reagan turned around the stagflation of the 70s by embracing the Laffer Curve.

The Laffer curve demonstrated how increasing taxes after a point actually reduces tax revenue by stalling the economy. High taxes also remove funds from the economic cycle which prevented it from being taxed multiple times as if flows from individual to individual.